1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
solmaris [256]
3 years ago
11

In January 2016​, currency held by individuals and businesses and​ traveler's checks was ​$1,347 ​billion; checkable deposits ow

ned by individuals and businesses were ​$1,764 ​billion; savings deposits were ​$8,189 ​billion; small time deposits were ​$400 ​billion; and money market funds and other deposits were ​$709 billion. Calculate savings deposits in January 2016.
Business
1 answer:
Zielflug [23.3K]3 years ago
3 0

Answer:

M_1 = $3111

M_2 = $12409

Explanation:

    Given data:

Amount of currency held  =  $1347 billion

checkable deposit $1347 billion

saving deposit $8189 billion

small time deposit $400 billion

market fund $709 billion

Saving deposit in the form M2 and M1

M_1 =  currency held as individual and traveller check +  checkable deposit

       = $1347 + $1764

M_1 = $3111

M_2 = M_1 +  saving deposit _ time deposit + maket funds

       = $3111 + $8189 + $400 + $709

M_2 = $12409

You might be interested in
Which of the following is an example of​ investment? A. a person depositing $ 100 a week to her savings account B. a person's an
lara31 [8.8K]

Answer:

C. the purchase of new buses by Greyhound

Explanation:

The investment is the amount that should be invested in order to generate the income

So as per the given situation,the option C is correct as if we puchase the new buses so there is a big investment but after investing into it it generated the income on daily basis

So this should be the example of the investment

4 0
3 years ago
I'm new here. What do I do? I dont even know anyone
riadik2000 [5.3K]

Answer:

 if you have question on anything you can search it, if you found nothing simply post the question and someone may help you anytime.

Explanation:

4 0
2 years ago
Read 2 more answers
Olongapo Sports Corporation distributes two premium golf balls—Flight Dynamic and Sure Shot. Monthly sales and the contribution
Strike441 [17]

Answer:

Product                      Flight Dynamic        Sure Shot           Total

Sales                              $660,000            $340,000     $1,000,000

CM ratio                               63%                     78%                68.1%

Contribution margin     $415,800              $265,200       $681,000

Fixed expenses                                                               ($589,500)

Operating income                                                               $91,500

1. Prepare a contribution format income statement for the company as a whole.

Revenue $1,000,000

<u>Variable costs ($319000)</u>

Contribution margin $681,000

<u>Period costs ($589,500)</u>

Operating income $91,500

2. What is the company's break-even point in dollar sales based on the current sales mix?

break even point = fixed costs / CM ratio = $589,500 / 0.681 = $865,638.77

3. If sales increase by $59,000 a month, by how much would you expect the monthly net operating income to increase?

operating income would increase by $59,000 x 0.681 = $40,179

4 0
3 years ago
Which is the best measurement to use to determine who might have the absolute advantage?
Makovka662 [10]

Answer:

<u>low opportunity cost</u>

Explanation:

<u>Opportunity cost</u> is described as a process in which an individual sacrifices something when they tend to choose one thing or option over another option or thing.

<u>Low opportunity cost: </u>The term "low opportunity cost" is determined as the possibility of an individual's chosen investment returns to be lower than the forgone investment's returns.

4 0
3 years ago
Eric and Katie, who are married, jointly own a house in which they have resided for the past 17 years. They sell the house for $
Elodia [21]

Answer:

C) $0 $285,000

Explanation:

The §121 exclusion establishes that homeowners can exclude from their capital gains taxes the sale of their property for a maximum of $250,000 gain (or $500,000 for joint filers) if they meet two criteria:

  • they owned the property for at last 5 years
  • they use the property as main residence for at least 2 years (they can aggregate time periods).

So if Eric and Katie use the §121 exclusion they wouldn't pay any capital gains tax ($500,000 is higher than $375,000).

If they decide to forgo the §121 exclusion, then they will have to pay taxes for a gain of:

capital gain = net sale price - asst basis

capital gain = ($375,000 - $10,000) - $80,000 = $365,000 - $80,000 = $285,000

8 0
3 years ago
Other questions:
  • In order to eliminate piles, you must _________.
    14·1 answer
  • Whatever the quality improvement approach, what key concept(s) is/are common between each approach?
    11·1 answer
  • On the first day of its fiscal year, Chin Company issued $10,000,000 of five-year, 7% bonds to finance its operations of produci
    13·1 answer
  • ___________ is the characteristic of work concerned with the degree of freedom, independence and discretion an employee has in s
    11·2 answers
  • Gideon Company uses the allowance method of accounting for uncollectible accounts. On May 3, the Gideon Company wrote off the $2
    7·1 answer
  • Many health care organizations are drowning in data. yet health care workers cannot get reliable insights from this data. inform
    7·2 answers
  • Tons Beauty LLC uses the double-declining balance method for depreciation on its computers. Which item is not needed to compute
    13·1 answer
  • Which of the following is true of accrual basis accounting and cash basis​ accounting? A. Cash basis accounting records all tran
    7·2 answers
  • The payroll register for D. Salah Company for the week ended May 18 indicated the following:
    9·1 answer
  • helene, corp. reports a net operating loss in year 1 of $20,000. in year 2, the company reports income of $10,000. what amount o
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!